Steel Mills
Nucor Plans New Tube Mill in the Midwest
Written by Sandy Williams
March 9, 2021
Nucor today announced board approval to build a tube mill in the Midwestern U.S. The $164 million project will be completed within two years and will capitalize on Nucor’s recent Midwest investments that include a plate mill, galvanizing line and hot roll expansion. A specific location for the new plant was not provided, but sources expect it will be close to Crawfordsville, Ind.
“Adding a tube mill in the Midwest will allow us to leverage recent investments we have made and further strengthen our market leadership position as a low-cost producer of steel products,” said President and CEO Leon Topalian. “Building this tube mill puts us in a great position to serve the largest consuming regions of the U.S. for hollow structural section tubing and solar energy.”
The new tube mill will have the capacity to produce approximately 250,000 tons of hollow structural section (HSS) tubing, mechanical steel tubing and galvanized solar torque tube, which will increase Nucor’s product offerings for construction, infrastructure and renewable energy in the expanding solar market in the United States.
Nucor Tubular Products group currently consists of eight tubular facilities, which consume hot rolled coil from Nucor’s sheet steel mills. The NTP Group capacity is approximately 1,365,000 tons annually and includes HSS steel tubing, mechanical steel tubing, piling, sprinkler pipe, heat-treated tubing and electrical conduit.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Government seeks extension in USS-Nippon lawsuit as talks continue
The government said it hopes to reach an agreement with the two companies outside of the courts, according to a filing last week.
Toyota Tsusho America to acquire Radius Recycling for $1.34 billion
The companies said Thursday that Radius shareholders will receive $30 per share in cash upon the deal’s closing, which is expected in the second half of this year.
Algoma resumes steel shipments to US, sees opportunity in tariffs
Algoma Steel has resumed shipments to the US, effective Friday, March 14. And the Canadian steelmaker sees a potential opportunity with the current tariff situation.
Algoma posts narrower Q4 loss, braces for tariff impact as US shipments pause
Algoma Steel's net loss narrowed in the fourth quarter vs. a year earlier amid economic uncertainty and tariff-related issues.
Evraz NA refutes report it falsified tests on plate for US military
Employees at Evraz North America, a subsidiary of Russia's Evraz plc, reportedly falsified quality control test results on armored plate for military vehicles. Evraz NA denies the claims.